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    Home > Chemicals Industry > New Chemical Materials > February 23 Lun Tong morning review

    February 23 Lun Tong morning review

    • Last Update: 2022-12-08
    • Source: Internet
    • Author: User
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    London copper opened at 7088 US dollars / ton, after the low opening copper price down to 7000 US dollars / ton mark, but the lower support is obvious, maintaining stability at 7030 US dollars / ton area, Europe and the United States, driven by Shanghai copper, London copper quickly pulled up, bears were forced to reduce positions and leave the market, the high point to 7193 US dollars / ton, closed at 7170.
    5 US dollars / ton, up 35.
    5 US dollars / ton, the transaction increased 9222 to 18442, and the position decreased by 1222 to 319,000 lots
    .

    London copper

    In terms of the market, as of February 22, the spot price of London copper was $7,003/ton, a discount of $41/ton over the March contract; The actual ratio of Shanghai copper spot to London copper spot was 7.
    48 (import ratio was 7.
    54), and the import loss was 390 yuan / ton; The actual ratio of the Shanghai copper 3 contract to the London copper March contract was 7.
    56 (the import ratio was 7.
    54), and the import profit was 176 yuan / ton
    .

    Due to the Chinese Spring Festival holiday, the US dollar index turned from rising to falling, inventories continued to decline, driving London copper continued to rebound, London copper significantly climbed back close to the high of 7200 US dollars near the month, in the long run, the tight supply of copper mines in the future market to support copper prices is better, it is expected that today London copper maintains a high level of volatility, the support below is obviously positive, and the short-term is expected to rise significantly
    .

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